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Property view

1584 Chestnut Avenue, 
Long Beach, CA 90813

$750,000

—

Bed

—

Bath

2,132

Sq Ft

Multi-Family

Sold

Listed by

Tyler Leeson

Bought with COLDWELL BANKER DYNASTY/TC

Marcus & Millichap Re Invest

949-419-3200

MLS#

OC24033408

Source:

CRMLS

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About This Home

1584 Chestnut Avenue

1584 Chestnut Avenue is a 2-unit multifamily investment opportunity located in Long Beach, CA. Situated on a 0.17-acre parcel, 1584 Chestnut Avenue offers a spacious three-bedroom home with a two-car garage in the front and a two-bedroom apartment above 4 garage spaces in the rear of the property. These garage spaces offer ownership the opportunity for significant additional income through the rental of the extra garage spaces. The property represents a unique value-add opportunity with ample upside. With current rents below market rates, new ownership could complete a comprehensive renovation of the units, allowing them to achieve significant rental premiums compared to non-renovated units. 1584 Chestnut Avenue benefits from its excellent location, just North of Downtown Long Beach, providing residents with convenient access to an abundance of retail, dining, and entertainment options, as well as employers. 1584 Chestnut Avenue is available in conjunction with the adjacent 11-unit property located at 1600 Chestnut Avenue.

Home Facts

Multi-Family

Built in 1953

Price Summary

750,000

$351 per Sq. Ft.

MLS #:

OC24033408

Sold:

March 28, 2024

Rooms & Interior

Interior

Living Area:

2,132 Sq. Ft.

Structure

Structure

Building Area:

2,132 Sq. Ft.

Year Built:

1953

Lot

Lot Size (Sq. Ft):

7,405

Finances & Disclosures

Finances

Price:

$750,000

Price per Sq. Ft:

$351 per Sq. Ft.

Source:CRMLS
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